Silver – Weekly Analysis

Silver has lost more than 4% since our call just three days ago. With Friday’s signals now on the table, it is time for a closer look. And yes—the August 4M Bearish Engulfing is still standing in the background like a storm cloud that refuses to leave. In this Silver Technical Analysis, we examine the latest candlestick signals, momentum structure, Elliott Wave paths, and key support and resistance levels across multiple timeframes. The main question is whether this exceptional 4M Bearish Engulfing is warning of a much larger decline—or whether silver can absorb the signal and build a path toward recovery. The short-term chart may still offer some hope, but the long-term signal continues to demand respect. CANDLES & TA: Friday’s close was a perfect example of how just 1.6 bp can matter. Silver formed an 8/20 EMA bearish cross by that tiny margin, and the daily signal is now…